Monetarists argued that the Fed wasn't serious about adhering to a money-growth target because
A) it was unable to reduce inflation at all.
B) it tried to target three different monetary aggregates simultaneously.
C) the sacrifice ratio remained too high.
D) it gave too much weight to movements in exchange rates.
B
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HMOs create the incentive to _____
a. minimize health care expenditures b. avoid important but expensive procedures c. enroll individuals with serious illnesses d. a and b
Which term refers to the exploitation of highly demanded shared resources?
a. Tragedy of the commons b. Free rider problem c. Negative externality d. Common pool resourcing
Whenever there is a difference in the same exchange rate offered in two markets, an arbitrageur would:
a. wait for the markets to come to equilibrium. b. buy in the market where the currency is offered at the cheaper rate,and simultaneously sell the currency where the rates are higher. c. sell the cheaper-rate currency in the home market. d. not consider the trade, since prices would undoubtedly change before it could be executed.
If I voluntarily end my employment, the Bureau of Labor Statistics would consider me to be
A. a job leaver. B. a discouraged worker. C. a reentrant. D. a job loser.